Former Reagan Economic Adviser Art Laffer discusses the damage rising inflation is having and the likelihood of a recession within the next year on ‘Fox Business Tonight.’ #foxBusinessTonight
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You can't spend your way out of a recession. The Only way out is stop printing money and lower taxes
Dems never know what to do about our economy or recession or depression or inflation Every time the Dems are in charge we have all of the above
When I first saw Art I thought he was Jimmy Dore.
Does this expert think gold is a good hedge against inflation?
Interest rate hikes cannot stop supply side inflation. Does this expert know this?
Is this man a expert? How does he really know what will happen?
Our country is in such bad shape!! It's sad to realize that our country was doing great before Biden golk over and has allowed other people to tell him what to do and how to do it!! Meanwhile he goes to his BASEMENT IN DELAWARE!!
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
Blah blah blah all I hear is sell your assets to us
I honestly don't believe the Fed is THAT stupid. An eight year old could literally do a better job than Powell. I don't think ANYONE can be that stupid. I think the Fed knew EXACTLY what it was doing with all the money printing since day one. I believe their goal is treasonous and their goal is to collapse the stock market and the banks so they can introduce a CBDC (digital currency) so they can have full control over the American people. Their goal is the Great Reset and the New World Order.
Recession is here already….people are pulling back on discretionary spending already….
Remember how many said Trump would put us in a recession. Lol. Biden did it in record time
Why am I working for money if they’ve been printing it for nothing? You tax what I make but paying me in a currency that’s not backed by anything so when we discuss dollar value it’s only ever as good as the feds say it is? Wtf to that
no one in history has ever spent their way to prosperity
a recession could strike again???????????????? when the hell did the recession end? when are these Dumpcraps going to pull their heads out of their arses
The city I live in is under Democrat's control and the business are going broke no customers only welfare and food stamps people looking for hand outs , but you sure can get your illegal drugs . So it seems the drug business is profitable . lol
i sure hope you have stocked up on food in bulk. i have been for a year. i even bought 1/2 pig for my freezer.
In a DEBT BASED economy it's expected. All the time !
A Recession becomes a Depression when the recession continues over a longer period of time. I believe we are heading into a depression.
Don't need a crystal ball to know this
These investment are only bound to make slow profit returns in the current market , i've come across a few blogs mentioning investors that generated profit of up to $30k in 3months and i'm eager to know how i can make such lucrative profit.
The Partisan blame for Economic doom seems to overlook the fact that both sides serve the needs of Investors…..
The ability to indicate the opposition for the economic failures that the general population now faces, as well as the economic despair of Nations across the globe, indicates the World has already entered an Economic Depression from which there is no escape.
Covid seems to have killed Capitalism, as well as a few million humans……
Laffer made the host's argument for him. Dual mandate is the problem; they need to focus solely on stable prices and once done, employment will take care of itself.
I was under the impression that we're in a recession right now.
I'm no economist, and I'm too young to have any memory of interest rates in the 1970-80's. But 7, 8 or 11 or 12% interest rates seems crazy. Its seems like adding a FED made inflation (interest rates) on governement made inflation (ridiculous spendings and money printing). Raising interest rates to stupid level is probably what going to cause a recession and bankrupcy for millions of people and businesses. What about just stop printing money and all the government spendings? Actually, I own stocks in banks, which benefit from higher interest rates (at least to some extent), so that should make me happy, I guess. But higher interest rates is not going to stop the money printing and governement spendings. So it is the people and the businesses who are going to suffer twice as hard, and won't be able to buy stuff (or not able to get the loan to buy stuff), hence a recession, because no one can afford to spend (exept the governement who will still print money/add to the national debt).
Pay workers more. Less profit for businesses and more money in the pockets of the employee. That goes into local economy. Our small businesses owner that profit tens of millions haven’t raised wages in years while everything gets more expensive
This happened under Jimmy Carter. Can Fox interview Jimmy Carter and ask him, "In retrospect, why haven't the Democrats learned from your administration?".
Vaccine mandates started this! How many people lost their jobs, and can't get another job for the same reason!
The Gold tie and suit, could be a hint? Buy Gold, protect yourself from inflation.
We know that it's coming so many of us are already prepared
Reminds me of the Obama years. Same crap with Jomo Bidumb.
If they put the money to infrastructure and not redefine the Word infrastructure
The money could go to welders peepers and painters. Politicians have no common sense .
Maybe it's time to retire both parties and make gender the ticket.
At least you solve separation of powers.
And party owned media one party owned corporations.
Imagine democracy becomes not a laughing matter and the ladies and gentlemen body politic does what it's designed for. Retire party and it's pride.
Could? Lol that's a laugh. Recession was coming the day they said your business is unessential.
Put 10 economists in a room and you'll get 12 different opinions on what the economy is going to do.
Still trying to figure out why they are stepping around the only tool they have in a fight against inflation….interest rates. Last time inflation was anywhere near this high, interest rates were 10+%….oh yeah, national debt.
STOP FILING TAXES
Whoa!
Anyone remember 2008? Here it comes again!